Strategic Shift: Planet Wealth Withdraws Registration to Refile Stronger Than Ever

Thanks to positive developments within our business, we’ve chosen to withdraw our current registration statement. This allows us to revise our filing to better reflect Planet Wealth’s current standing and business model. This decision reflects several strategic considerations even as we maintain our commitment to listing on public trading markets:
- The business plan presented in the offering circular associated with our former Form 1-A filing was designed to be successful with minimal capital. Having raised significant capital through other means, we are now able to present a more robust business plan.
- The business plan described in that same Form 1-A did not reflect our successful application for registration with FINRA. The delay of our offering until the winter enables us to reflect that successful FINRA application in our business plan.
- We have developed relationships with a number of substantial investors who have expressed interest in investing in Planet Wealth on a private basis. Our board of directors believes that it will be easier to negotiate these transactions without a Reg A offering ongoing. Therefore, we withdrew our Offering Statement with a view towards negotiating the private investments and revisiting any potential offering at a later date.
Acquisition complete
Planet Wealth completed the acquisition of CrowdEngine. This move established Planet Wealth as one of the few sources of technology approved for operating crowdfunding portals and significantly strengthened Planet Wealth’s market positioning in the crowdfunding industry in the U.S.
New hires round out C-Suite
We recently bolstered the Planet Wealth C-Suite with the addition of a Chief Operating Officer, and a Chief Marketing Officer. I will introduce your COO to you in next week’s update.
Until then…
Lance Woodson
Co-Founder and CEO